Permian Resources Corporation (PR) announced earnings for its first quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $329.30 million, or $0.44 per share. This compares with $146.58 million, or $0.25 per share, last year.
Excluding items, Permian Resources Corporation reported adjusted earnings of $356.27 million or $0.42 per share for the period.
Analysts on average had expected the company to earn $0.43 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.8% to $1.376 billion from $1.242 billion last year.
Permian Resources Corporation earnings at a glance (GAAP) :
-Earnings: $329.30 Mln. vs. $146.58 Mln. last year.
-EPS: $0.44 vs. $0.25 last year.
-Revenue: $1.376 Bln vs. $1.242 Bln last year.
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